JPMorgan High Yield Municipal ETF

Frequently Asked Questions About JMHI

What does JMHI invest in?

Ordinarily, this fund allocates at least 80% of its total holdings to municipal debt instruments. The income derived from these investments is generally exempt from federal income tax. This category of municipal debt is broad, covering assets such as floating-rate demand obligations, short-term municipal notes, traditional municipal bonds, tax-advantaged commercial paper, private activity and industrial development bonds, tax anticipation notes, and ownership interests in municipal security portfolios.

What is the expense ratio of JMHI?

JPMorgan High Yield Municipal ETF (JMHI) charges an expense ratio of 0.52%. This is the annual fee deducted from fund assets to cover management and operations.

What is JMHI's dividend yield?

JMHI's trailing-twelve-month yield is 4.59%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JMHI?

Effective duration measures JMHI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. JMHI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of JMHI?

JMHI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of JMHI?

Yield to maturity (YTM) is the total return you'd earn from JMHI if every bond in the portfolio is held to maturity at the current price. JMHI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.